Which of the following statements about insurance in aviation sector is/are correct ?
1. 'Aviation Hull Insurance' covers the physical aircraft, inclu

Question

Which of the following statements about insurance in aviation sector is/are correct ?
1. 'Aviation Hull Insurance' covers the physical aircraft, including the body, engine, and on-board equipment.
2. Under the Montreal Convention, adopted in 1999 by over 130 countries, including India, airlines are strictly liable to pay compensation to the family/nominee of every deceased passenger without requiring the family to prove fault.

Select the answer using the code given below :

Accepted Answer

(C) Both 1 and 2

Answer

(A) 1 only

Answer

(B) 2 only

Answer

(D) Neither 1 nor 2